Marketplace
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18th April 2023
The new in-space economy
Today, we’re talking about two topics near and dear to our hearts: space and economics.
Over the last several years, NASA’s Artemis program and the commercialization of space have given rise to a large and growing space economy. How large?
“It’s about $400 billion. By 2030 it is estimated to become about $1 trillion,” said Namrata Goswami, a scholar on space policy and co-author of the book “Scramble for the Skies: The Great Power Competition to Control the Resources of Outer Space.” “We also include a space economy to come in the next 20 to 30 years which includes the ‘in-space economy,’ so the economy that would be developed in space itself, which would result in a trillion-dollar economy by 2040.”